Salasar Techno Engineering lists at premium of 152%; best performer in a decade

Key Highlights: 

• Salasar Techno Engineering lists at premium of 152%
• IPO subscription at over 270 times 
• Salasar Techno trades over Rs 270 per share on debut

Salasar Techno Engineering listed at a premium of 152% as its shares listed at Rs 272.10 per piece on Indian stock markets on Tuesday July 25, 2017. 

In pre-market opening, Salasar's share price stood at Rs 259.15 per piece higher compared to its initial public offering (IPO) issue price band of Rs 108 per piece. 

With this block buster opening, Salasar has become the first company in twelve years to get listed at a premium of over 150%. 

Data compiled by Prime Database revealed that Salasar would be second highest IPO in last twelve years following FCS Software Solutions which was listed at premium of 200% in the year 2005. 

DMart listing: First time in 12 years an IPO saw over 100% listing gains on day 1